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(1) When an individual seeks to establish a business relationship

or conclude a single transaction with an accountable institution on behalf of

(a) another individual,

(b) legal person, or

(c) partnership the institution shall obtain from that person information which provides proof of that person's authority to act on behalf of that other individual or legal person or partnership in addition to the other requirements.

(2) An accountable institution shall verify the information obtained by comparing the particulars of the individual or legal person or partnership to establish whether that information provides proof of the authorisation.